Welcome to our dedicated page for SAGE POTASH news (Ticker: SGPTF), a resource for investors and traders seeking the latest updates and insights on SAGE POTASH stock.
Sage Potash Corp (SGPTF) is a Canadian company focused on potash production in the Paradox Basin, Utah. They are committed to sustainable solution mining and have recently granted stock options to key personnel. With a clear vision and dedicated team, Sage Potash aims to establish itself as a leading potash producer. For more details, visit their website or SEDAR disclosure record.
Sage Potash Corp. (TSXV: SAGE, OTC: SGPTF) has appointed Rod Reum as Chief Financial Officer, bringing 40 years of international finance leadership experience to the company as it progresses into the construction phase of its Sage Plain Project in Utah. The company has also retained Terrarock Industries, led by strategic operations partner Shilo Sazwan, to manage the construction and commissioning of its Muriate of Potash pilot plant.
Mr. Reum's extensive experience includes leading high-growth start-ups and large international partnerships across various industries. He replaces Mr. Grossholtz, who has served as CFO since November 2021. Sage Potash has also granted 4,350,000 stock options to certain directors, officers, employees, and consultants with an exercise price of $0.25 per share and an expiry date of October 17, 2026.
Sage Potash Corp. (TSXV: SAGE) (OTC: SGPTF) announces the resumption of trading for its common shares on the TSX Venture Exchange on September 11, 2024, at 8 a.m. EST. The trading halt, initiated on September 9, was due to the TSXV's review of the company's $12.6 million equipment purchase from a subsidiary of International Process Plants as a 'Fundamental Acquisition'.
Sage Potash also reported a non-brokered private placement of 37.6 million common shares at $0.20 each, raising $7.52 million, and convertible debentures worth $3.78 million. The total gross proceeds of $11.3 million will fund the equipment purchase and related expenses. The private placement and purchase agreement are subject to TSXV acceptance, with securities issued under a four-month hold period.
Sage Potash Corp. (TSXV: SAGE) (OTC: SGPTF) has announced a significant equipment purchase and financing deal to accelerate its project timeline and reduce start-up costs. The company has entered into an agreement with International Process Plants (IPP) to purchase processing equipment capable of producing 300,000 tonnes of potash annually for $12.6 million. The equipment, mostly unused and in storage, was originally fabricated in 2012 at a cost of approximately €36 million.
To finance this purchase, Sage Potash is conducting a non-brokered private placement of 37,600,000 common shares at $0.20 each, raising $7,520,000, and issuing convertible debentures worth $3,780,000. The company estimates this acquisition could save US$75 to US$100 million in project costs and 4-5 years in fabrication lead time. This strategic move aims to enhance shareholder value and reduce the United States' reliance on potash imports.
Sage Potash Corp. (TSXV: SAGE, OTC: SGPTF) announced key appointments to its leadership team aimed at accelerating its domestic potash production in Utah. Clark Sazwan joins the Board of Directors, bringing decades of experience in mining and fertilizers. Amir Rahimtula is appointed as Global Finance & Trade Partner, leveraging his extensive global financial and trading expertise. Shilo Sazwan is named Strategic Operations Partner, adding over thirty years of strategic operations experience in the fertilizer industry. These appointments are expected to enhance Sage's capabilities in efficient production and global market expansion. The press release also highlights the successful closing of a non-brokered private placement on May 27, 2024, raising $1.8226 million, further bolstering the company's financial position.
On June 7, 2024, Sage Potash Corp. (TSXV: SAGE, OTC: SGPTF) announced the granting of 500,000 stock options to its directors, officers, employees, and consultants. These options, part of the company's stock option plan, have an exercise price of $0.295 per share and will expire on June 6, 2027.
FAQ
What is the current stock price of SAGE POTASH (SGPTF)?
What is the market cap of SAGE POTASH (SGPTF)?
What is Sage Potash Corp focused on?
What sustainability techniques does Sage Potash use?
What recent announcement did Sage Potash make regarding stock options?
Where can I find more information about Sage Potash Corp?
Who is the CEO & Executive Chairman of Sage Potash Corp?
What is the exercise price of the stock options granted by Sage Potash?
What is the expiry date of the stock options granted by Sage Potash?
Where is the Paradox Basin located?
What is the vision of Sage Potash Corp?
What is the contact email for Sage Potash Corp?
